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in dana bash on capitol hill. when you think about it, both sides are not happy with what's taking place, at least what they're talking about. i know you have some new information on at least what the republicans are suggesting when it comes to those massive spending cuts, some kind of delay in the process. how would that work? >> reporter: well, this is according to democratic sources. i want to be clear. congressional democratic sources saying that republicans specifically mitch mcconnell who is the lead negotiator, what he is proposing is to delay that sequester, the spending cuts for three months, so 90 days. what democrats here on capitol hill want to do is delay it for at least a year. so there is a very interesting dynamic shaping up right now. this probably is a good illustration of that. you you mentioned right at the top that the negotiations are going on now between primarily senate republican leader and the vice president, not the democratic leader. so they're certainly in the loop i'm told in a very constant way, the democrats here on capitol hill. but the fact that they let
with fewer than two days remaining on the countdown clock, dana bash is on capitol hill. tell us what the main point of contention is now. >> there are few according to sources in both parties. the biggest one when it comes to the democrats, from their point of view, is the fact that republicans in an offer that they made last night included what is known as chained cpi in laymen's terms and in terms that matter to many americans, it would effectively make social security checks lower each month. >> we learned this from sources earlier. the senate majority leader, harry reid went to the senate floor and talked about the snag. list ton what he said. >> the one thing i do want to mention is that we're not going to have any social security cuts at this stage, that doesn't seem appropriate. we're open to just discussion about entitlement reforms, but we're going to have to take it in a different direction, the present status will not work. we're willing to make concessions as part of a balanced comprehensive agreement. but will not agree to cut social security. with 36 hours left until th
correspondent dana bash is closely following the negotiations from capitol hill, and dana, you have been there and talking to people, and where are we on this? >> well, the senate majority leader harry reid was on the floor moments ago saying that the senate will reconvene at 11:00 a.m. tomorrow. the senate will reconvene tomorrow at 11:00 tomorrow, and that means no senate votes tonight which is not good news for everybody looking at the calendar and looking at the watch at this point and not the calendar to see that it is midnight tomorrow night that everybody's taxes in this country will go up. simply put, both sides are not at a place where they believe that they can come up with anything to put on the senate floor for a vote tonight. they will give it until the actual deadline, december 31st tomorrow, to reconvene. however, senator reid did say, don, that talks will continue tonight, so that is a good sign at least that the talks are continuing, but the fact that they are not voting tonight when everybody expected this would be the last, the last threshold tonight is not so good. no
shopping. shoppers hit the stores for the last time before christmas today. dana telsey is the ceo and chief officer of telsey group. we saw you day after thanksgiving, you said there was going to be sort of a hot -- that weekend was going to be big, there was going to be a lull, and it was all going to come back. has it turned out that way for you, dana? >> i think some of it came back. i don't think all of it came back. i think it was a tougher season than expected. you think you had the long calendar, the hurricane sandy, the track dpi in connecticut, people had a lot on their minds this season. this weekend was a key weekend. i think it helped. i didn't see promotions being extra promotional. but it's a push till the end. >> okay, so winners and losers? >> i think some of the winners, i think you're going to see companies like tjx, macy's. i think american eagle outfitters, even gap had a very good season, along with michael kors. >> losers? >> i think you had a tough time at jcpenney. i think the traffic was tough there all the time. i think kohl's had to be extra promotional
the year. we have the greatest fans on the planet. thank you. we also wish a happy new year to bob and dana. cheers to you guys. here is to making my prediction the reality. "the five" number one in 2013. let's do it everybody. of course to the troops whose commitment to freedom keeps us safe, sound and secure. thanks to all. good night, everyone. be careful out there tonight. let's do this. >> kimberly: happy new year! >> oh, no! ♪ >> bret: two words you've likely heard too many times. "fiscal cliff." the country will officially go over it tonight. congress will miss a midnight deadline. so what now? will washington prevent significant economic fall-out come wednesday? this is "special report." ♪ ♪ good evening. i'm bret baier. when the giant crystal ball makes the last move in times square tonight, 2013 will officially be here. and so will the deadline. for a deal here in washington. politicians self-imposed fiscal cliff. the effort to make the consequences so unattractive for missing that, that both sides would have to come to agreement. at this hour, there is no legislation to vot
panel is tracy cay smith. [cheering and applause] boar patrick, [cheering and applause] dana and i have lockerred in that metaphor call room all summer emerged not only in take but breathlessly in sync. the lasting poetry, the poetry that brought -- pushing other work away. we didn't disagree. we shared a passion and sense of urgency about seeing if the work was brought forth and presented to the world. in other words, this was easiest and obvious despite the internal and external wrestling that went in to it. i make it sound as if we didn't need to talk about. it oh, did we talk. oh did we list. oh did we worry. but we did it in sympathy and with a shared vision and i like to think that my group of panel is was of course uniquely incredible we were destined to do this together i believe in the end it was these five books we finally collapsed with and applauded and loved as a group that knead it possible for us to emerge full of joy about the process. the finalists for the national book award in poetry this year are david ferry. the wilderman new poems and translation published by the u
confidence turned down for the first time in a long time. here is something ta dana bash got, where she said, republican told her, some senate democrats have discussed holding on on bringing up a proposal until the final final days of 2012, which we happen to be in at the moment. to increase pressure on republicans to support avoiding higher taxes on everyone due to the fiscal cliff. >> the clock is running down. now is the moment. and all i can tell you, we have had various groups, the gang of six, the gang of eight. people meeting, talking, i've had multiple conversations since getting back yesterday. i just don't believe it in the senate. i absolute believe if it were up to the senate democrats and republicans, we would get this done. the problem is, unfortunately, with the extreme element insist the house, for whatever reason the speaker won't act. even when something like the reform farm bill to eliminate subsidies which everybody agree should be eliminated. we can't get them to that i that out. so frustrating that we send things over that are bipartisan that do make cuts and to ask tho
Search Results 0 to 6 of about 7